Business For Sale Listing 133359
Maui Auto Dealer - 50% Seller Financing
Status as of Nov-19-2008 at 06:03 PM: Active
Business Summary
This pre-owned auto sales business is ideal for the entrepreneur who wants to own their own business, have a good income, and still have time for a life outside of work. The owner currently works only 2 hours per day, and averages 12 weeks of vacation a year! Even with the business being open only Monday-Friday 8:30-5:30, Seller’s Discretionary Earnings (SDE) have averaged $188,000 a year over the past four years.
In addition to the benefits of having a long history, the Company has everything a successful business needs: an excellent high traffic location, a wonderful community reputation, loyal employees, years left on the lease and a renewal option, and a steady customer base. Growth opportunities include: opening Saturday and Sunday, or starting up the rental car business, a company that is included in the sale, but not yet operational. As an added bonus, the sale includes the company’s web site.
Asking price is $280,000 plus car inventory, which averages about $600,000. Seller will consider an offer that excludes the inventory. In addition the Seller will finance $140,000 at 8% over 36 months for a qualified buyer.
The current owner floor plans some of this with Mannheim, the giant auto auctioneer and the company’s major supplier. The owner expects that a buyer with good credit could be able to floor plan a significant percentage of the inventory which will significantly increase the buyer’s return on investment.
For more information please contact us.
Categories
Industry
Location
Financials
| Sales: |
Between $1 Million And $2.5 Million (2,185,200) |
| Profits: |
Between $100 Thousand and $500 Thousand (188,000) |
| Profit Type: |
Seller's Discretionary Cash Flow (SDCF) |
| Fiscal Year: |
average last 4 years |
| Asking Price: |
Between $100 Thousand and $500 Thousand (280,000) |
